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RXM

Rex MineralsASX:RXM Stock Report

Market Cap

AU$150.3m

7D

-5.6%

1Y

75.9%

Updated

21 Oct, 2021

Data

Company Financials
RXM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

RXM Overview

Rex Minerals Limited engages in the exploration, evaluation, and development of mineral properties in Australia.

Rex Minerals Competitors

Mincor Resources

ASX:MCR

AU$678.0m

Aurelia Metals

ASX:AMI

AU$475.4m

Poseidon Nickel

ASX:POS

AU$337.0m

Freeport-McMoRan

NYSE:FCX

US$57.2b

Price History & Performance

Summary of all time highs, changes and price drops for Rex Minerals
Historical stock prices
Current Share PriceAU$0.26
52 Week HighAU$0.12
52 Week LowAU$0.47
Beta2.01
1 Month Change-7.27%
3 Month Change-32.90%
1 Year Change75.86%
3 Year Change203.57%
5 Year Change466.67%
Change since IPO-15.00%

Recent News & Updates

Sep 15
We Think Rex Minerals (ASX:RXM) Can Afford To Drive Business Growth

We Think Rex Minerals (ASX:RXM) Can Afford To Drive Business Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Mar 01
Companies Like Rex Minerals (ASX:RXM) Are In A Position To Invest In Growth

Companies Like Rex Minerals (ASX:RXM) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. By way of example, Rex Minerals...

Shareholder Returns

RXMAU Metals and MiningAU Market
7D-5.6%1.8%1.5%
1Y75.9%11.3%21.1%

Return vs Industry: RXM exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: RXM exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is RXM's price volatile compared to industry and market?
RXM volatility
RXM Beta2.01
Industry Beta0.97
Market Beta1

Stable Share Price: RXM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: RXM's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aRichard Laufmannhttps://www.rexminerals.com.au

Rex Minerals Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company explores for copper, gold, and iron ore deposits. Its flagship project is the Hillside project located in Yorke Peninsula, South Australia.

Rex Minerals Fundamentals Summary

How do Rex Minerals's earnings and revenue compare to its market cap?
RXM fundamental statistics
Market CapAU$150.28m
Earnings (TTM)-AU$8.78m
Revenue (TTM)n/a

0x

P/S Ratio

-17.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RXM income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$8.78m
Earnings-AU$8.78m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.015
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did RXM perform over the long term?

See historical performance and comparison

Valuation

Is Rex Minerals undervalued compared to its fair value and its price relative to the market?

4.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RXM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RXM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RXM is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: RXM is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RXM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RXM is overvalued based on its PB Ratio (5x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Rex Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.03%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rex Minerals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Rex Minerals performed over the past 5 years?

-22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RXM is currently unprofitable.

Growing Profit Margin: RXM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RXM is unprofitable, and losses have increased over the past 5 years at a rate of 22% per year.

Accelerating Growth: Unable to compare RXM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RXM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: RXM has a negative Return on Equity (-29.12%), as it is currently unprofitable.


Financial Health

How is Rex Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: RXM's short term assets (A$9.9M) exceed its short term liabilities (A$1.2M).

Long Term Liabilities: RXM's short term assets (A$9.9M) exceed its long term liabilities (A$115.0K).


Debt to Equity History and Analysis

Debt Level: RXM is debt free.

Reducing Debt: RXM had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: RXM has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: RXM has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 0.1% each year.


Dividend

What is Rex Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RXM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RXM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RXM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RXM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RXM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Richard Laufmann (57 yo)

6.5yrs

Tenure

AU$413,700

Compensation

Mr. Richard Laufmann, B. Eng. (Mining), MAICD, MAusIMM, had been the Chief Executive Officer and Managing Director of Indophil Resources NL since June 13, 2007. He had been a Non-Executive Director of Indo...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD309.82K) is about average for companies of similar size in the Australian market ($USD303.55K).

Compensation vs Earnings: Richard's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: RXM's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: RXM's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RXM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 56.6%.


Top Shareholders

Company Information

Rex Minerals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Rex Minerals Limited
  • Ticker: RXM
  • Exchange: ASX
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$150.277m
  • Shares outstanding: 589.32m
  • Website: https://www.rexminerals.com.au

Location

  • Rex Minerals Limited
  • 68 St Vincent Highway
  • Pine Point
  • South Australia
  • 5571
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:14
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.